The economy might be recovering, but investments remain sluggish
Published:
29 February 2004 y., Sunday
Although GDP was growing at 4.7% during the final quarter of 2003, expenditures of domestic companies increased by only 0.1% over the same period.
Analysts believe that the recent fall in national prosperity has discouraged company's to invest, but more importantly businesses are waiting to see what will change after EU accession.
Another sign of economic stagnation is a lack of interest among investors to borrow capital from banks. Henryka Bochniarz, the head of the Private Employers' Confederation said that another aspect is the current political uncertainty and constantly changing legal regulations, which do not encourage potential investments. However, there is light at the end of the tunnel.
"Investments are increasing in the processing industry, by 19.6% during the first three quarters of 2003," said NBP chairman Leszek Balcerowicz, after Wednesday's meeting of the Monetary Policy Council.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania informs that based on provisional data as of 1 April 2008 foreign direct investment (FDI) made LTL 33.63 billion, or by 2.8 per cent less than on 1 January 2008.
more »
Boston-based Celent LLC has published a new report about the state of the Turkish credit-card market, which has developed rapidly over the last decade and is expected to represent a high-growth opportunity.
more »
Fastest annual revenue growth since 1999 fuels 32% increase in earnings per share.
more »
First Data Shareholders to Receive $34 per Share in Cash;
Transaction Valued at $29 Billion
more »
Belarus' international reserves decreased by 3.8 percent in January 2007 to $1,329.9 million as of February 1, according to the National Bank of Belarus (NBB).
more »
The Minsk Tractor Works (MTZ) manufactured nearly 172 billion rubels worth of industrial products in the first month of 2007, which was a 19.8-percent year-on-year increase.
more »
The Belarusian government plans to borrow up to $1 billion abroad this year to cushion the effects of a sharp hike in the price of energy resources.
more »
Russia's Audit Chamber has suggested reviewing all economy agreements between Belarus and Russia, Andrei Kokoshin, head of the standing committee on CIS affairs in the State Duma (Russia's lower parliamentary house), said on Thursday.
more »
Belarus is contemplating the purchase of two oil wells in Russia, a senior executive at the Belneftekhim state-controlled petrochemical concern said Tuesday.
more »
Aleksandr Lukashenko warned that a slowdown of Belarus' economic development pace could undermine public confidence in the government and damage the country's image in the international arena.
more »